Down in the 5-7% range on SPY/SSO trades so far, would it be
prudent to buy something on opposite side of play for some
insurance if it looks probable the market could collapse further,
or are we still looking for 3rd entry still on the long side?
Or maybe just jetison at this point? Thanks for any advice
or thought on best way to go from here.
there will be a 3rd entry soon. again question is do we go
straight down to test the lows now or have a bounce first.
You can always look at some puts, obviously was better when
the market was up this morning. Right now there's a possible
wedge like pattern on the 5 min, I'm not sure if that's gonna play
out but if it does that might start a bounce or an intra day
one.
Down in the 5-7% range
Posted by blayden on 23rd of Mar 2018 at 12:59 pm
Down in the 5-7% range on SPY/SSO trades so far, would it be prudent to buy something on opposite side of play for some insurance if it looks probable the market could collapse further, or are we still looking for 3rd entry still on the long side? Or maybe just jetison at this point? Thanks for any advice or thought on best way to go from here.
there will be a 3rd
Posted by matt on 23rd of Mar 2018 at 01:02 pm
there will be a 3rd entry soon. again question is do we go straight down to test the lows now or have a bounce first. You can always look at some puts, obviously was better when the market was up this morning. Right now there's a possible wedge like pattern on the 5 min, I'm not sure if that's gonna play out but if it does that might start a bounce or an intra day one.
You mean this wedge?
Posted by frtaylor on 23rd of Mar 2018 at 01:19 pm
You mean this wedge?